Brazil seeks buyers in China in privatisation wave

Brazil's President Michel Temer heads to China with ministers and business leaders Tuesday to woo investors as he seeks to privatise a host of state utilities.
29 August 2017, 18:00 PM

New York regulator may fine Habib Bank up to $630m

The New York State Department of Financial Services (DFS) is seeking to fine Habib Bank Ltd nearly $630 million for deficiencies relating to compliance with state and federal laws at its only US branch, an official of the Pakistan bank said on Monday.
28 August 2017, 18:00 PM

Braving security fears, Chinese seek 'Silk Road' riches in Pakistan

Zhang Yang, a businessman from Chongqing in southwest China, is searching online forums for fellow stout-hearted entrepreneurs willing to cast aside security concerns and join him on a scouting mission to Pakistan.
28 August 2017, 18:00 PM

Euro rises on bets for ECB tightening

The euro held its gains on Monday as traders bet that the European Central Bank would start to wind down its crisis-era stimulus programme, while lower expectations for further tightening in the United States weighed on the dollar.
28 August 2017, 18:00 PM

US broadcaster CBS to buy Australia's Ten Network

American broadcaster CBS has secured a deal to buy Australia's third-largest television network, Ten, the embattled station's administrators said Monday.
28 August 2017, 18:00 PM

Samsung Electronics to invest $7b to boost China NAND chip output

Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China's northwestern city of Xi'an, the South Korean tech giant said on Monday.
28 August 2017, 18:00 PM

China cash curbs to hit European football clubs

China's crackdown on overseas investments is expected to herald a slowdown in splurging on European clubs and impact teams where it hurts fans the most -- on the pitch.
28 August 2017, 18:00 PM

Growth in lending to eurozone firms rebounds in July

Growth in lending to companies in the eurozone rebounded in July following a slump in June, data from the European Central Bank showed Monday.
28 August 2017, 18:00 PM

China merges energy giants into global leader

Chinese authorities have approved a mega-merger between the country's largest coal producer and a top electricity firm, the government said Monday, reportedly creating the world's biggest power company in terms of capacity.
28 August 2017, 18:00 PM

GE shifts strategy, financial targets for digital business after missteps

General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business.
28 August 2017, 18:00 PM

India's GDP growth seen picking up to 6.6pc but GST fogs outlook

India's economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over a new goods and services tax will dampen activity in coming months.
28 August 2017, 18:00 PM

German firms moving investments away from UK due to Brexit: trade body

MANY German businesses are beginning to shift investments away from Britain in anticipation of increased trade barriers after Brexit, the chief of the DIHK Chambers of Industry and Commerce said on Monday.
28 August 2017, 18:00 PM

Oil markets roiled as Harvey hits US petroleum industry

OIL markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the US Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production.
28 August 2017, 18:00 PM

Egg scare costs Dutch poultry farmers 33m euros

Europe's contaminated egg scare has cost Dutch poultry farmers at least 33 million euros ($39 million), according to a preliminary estimate by the government.
24 August 2017, 18:00 PM

Saudis may seek funding in Chinese yuan

Saudi Arabia is willing to consider funding itself partly in Chinese yuan, a senior Saudi official said on Thursday, raising the possibility of closer financial ties between the two countries.
24 August 2017, 18:00 PM

Britain to study effect of foreign students on economy

Britain commissioned a report on Thursday on the economic impact of foreign students, part of an increasingly heated debate over whether they should be included in the government's target of reducing migration to the tens of thousands.
24 August 2017, 18:00 PM

India to speed up state bank mergers for broader economic revival

India approved a proposal on Wednesday to set up a ministerial panel to speed up consolidation of state-run banks as part of its efforts to revive credit and economic growth.
24 August 2017, 18:00 PM

Samsung seeks to bury fiery past with Galaxy Note 8 launch

Samsung Electronics Co Ltd set out to wipe the slate clean in New York on Wednesday with its new Galaxy Note 8 "phablet," hoping features like dual rear cameras and its biggest-ever screen will extinguish memories of the device's fire-prone predecessor.
24 August 2017, 18:00 PM

Google and Walmart team up to take on Amazon

Walmart, the world's biggest retailer, and Google, the internet's predominant search engine, are teaming up in an attempt to challenge Amazon's growing dominance in online shopping.
23 August 2017, 18:00 PM

US new home sales growth hits 10-month low

New US home sales hit a 10-month low in July as prices forged higher, pointing to a possible slowdown in demand, official figures showed Wednesday.
23 August 2017, 18:00 PM